Company Quick10K Filing
Box
Closing Price ($) Shares Out (MM) Market Cap ($MM)
$0.00 148 $2,644
10-Q 2019-12-06 Quarter: 2019-10-31
10-Q 2019-09-06 Quarter: 2019-07-31
10-Q 2019-06-06 Quarter: 2019-04-30
10-K 2019-03-20 Annual: 2019-01-31
10-Q 2018-12-06 Quarter: 2018-10-31
10-Q 2018-09-07 Quarter: 2018-07-31
10-Q 2018-06-08 Quarter: 2018-04-30
10-K 2018-03-22 Annual: 2018-01-31
10-Q 2017-12-08 Quarter: 2017-10-31
10-Q 2017-09-08 Quarter: 2017-07-31
10-Q 2017-06-09 Quarter: 2017-04-30
10-K 2017-03-24 Annual: 2017-01-31
10-Q 2016-12-08 Quarter: 2016-10-31
10-Q 2016-09-07 Quarter: 2016-07-31
10-Q 2016-06-09 Quarter: 2016-04-30
10-K 2016-03-30 Annual: 2016-01-31
10-Q 2015-12-14 Quarter: 2015-10-31
10-Q 2015-09-11 Quarter: 2015-07-31
10-Q 2015-06-12 Quarter: 2015-04-30
10-K 2015-03-30 Annual: 2015-01-31
8-K 2019-11-26 Earnings, Exhibits
8-K 2019-08-28 Earnings, Exhibits
8-K 2019-07-12 Enter Agreement, Off-BS Arrangement, Exhibits
8-K 2019-06-19 Shareholder Vote
8-K 2019-06-03 Earnings, Exhibits
8-K 2019-05-06 Officers
8-K 2019-02-27 Earnings, Exhibits
8-K 2018-11-28 Earnings, Exhibits
8-K 2018-10-18 Officers
8-K 2018-10-15 Officers
8-K 2018-08-28 Earnings, Exhibits
8-K 2018-06-20 Shareholder Vote
8-K 2018-06-14 Shareholder Rights, Amend Bylaw, Other Events, Exhibits
8-K 2018-05-30 Earnings, Officers, Exhibits
8-K 2018-05-03 Officers
8-K 2018-02-28 Earnings, Exhibits
8-K 2018-01-18 Officers
BOX 2019-10-31
Part I - Financial Information
Item 1. Financial Statements
Note 1. Description of Business and Basis of Presentation
Note 2. Revenue
Note 3. Fair Value Measurements
Note 4. Balance Sheet Components
Note 5. Leases
Note 6. Commitments and Contingencies
Note 7. Debt
Note 8. Stock-Based Compensation
Note 9. Net Loss per Share
Note 10. Income Taxes
Note 11. Segments
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations
Item 3. Quantitative and Qualitative Disclosures About Market Risk
Item 4. Controls and Procedures
Part II - Other Information
Item 1. Legal Proceedings
Item 1A. Risk Factors
Item 6. Exhibits
EX-31.1 box-ex311_7.htm
EX-31.2 box-ex312_6.htm
EX-32.1 box-ex321_8.htm

Box Earnings 2019-10-31

BOX 10Q Quarterly Report

Balance SheetIncome StatementCash Flow

Comparables ($MM TTM)
Ticker M Cap Assets Liab Rev G Profit Net Inc EBITDA EV G Margin EV/EBITDA ROA
EVBG 2,892 425 239 172 118 -44 -32 2,653 68% -82.5 -10%
BL 2,853 524 192 255 199 -26 -3 2,790 78% -1,026.1 -5%
MIME 2,783 663 472 361 266 -8 33 2,683 74% 81.3 -1%
CYBR 2,742 674 207 0 0 0 0 2,480 0%
TENB 2,732 481 360 310 259 -84 -74 2,546 83% -34.3 -17%
RPD 2,722 636 549 283 204 -50 -26 2,596 72% -101.8 -8%
ALRM 2,719 505 193 457 293 23 37 2,633 64% 71.2 5%
BOX 2,644 827 805 655 461 -133 -81 2,483 70% -30.5 -16%
WK 2,562 280 270 269 195 -34 -28 2,468 73% -87.3 -12%
APPN 2,382 228 171 246 152 -56 -52 2,301 62% -44.3 -24%

box-10q_20191031.htm
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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 10-Q

 

 

QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended October 31, 2019  

OR

 

TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period fromto

Commission File Number 001-36805

 

Box, Inc.

(Exact name of registrant as specified in its charter)

 

Delaware

 

20-2714444

(State or other jurisdiction of

incorporation or organization)

 

(I.R.S. Employer

Identification No.)

900 Jefferson Ave.

Redwood City, California 94063

(Address of principal executive offices and Zip Code)

(877) 729-4269

(Registrant’s telephone number, including area code)

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class

 

Trading Symbol(s)

 

Name of each exchange on which registered

Class A Common Stock, $0.0001 par value
per share

 

BOX

 

New York Stock Exchange, Inc.

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. YES      NO  

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). YES      NO  

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definition of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

 

Large accelerated filer

 

  

Accelerated filer

 

Non-accelerated filer

 

☐  

  

Small reporting company

 

Emerging growth company

 

 

 

 

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. 

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). YES      NO  

As of November 29, 2019, the number of shares of the registrant’s Class A common stock outstanding was 149,626,825.

 

 

 


 

TABLE OF CONTENTS

 

 

 

PART I – FINANCIAL INFORMATION

 

Page

Item 1.

 

Financial Statements (Unaudited)

 

5

 

 

Condensed Consolidated Balance Sheets as of October 31, 2019 and January 31, 2019

 

5

 

 

Condensed Consolidated Statements of Operations for the Three and Nine Months Ended October 31, 2019 and 2018

 

6

 

 

Condensed Consolidated Statements of Comprehensive Loss for the Three and Nine Months Ended October 31, 2019 and 2018

 

7

 

 

Condensed Consolidated Statements of Stockholders' Equity for the Three and Nine Months Ended October 31, 2019 and 2018

 

8

 

 

Condensed Consolidated Statements of Cash Flows for the Three and Nine Months Ended October 31, 2019 and 2018

 

10

 

 

Notes to Condensed Consolidated Financial Statements

 

11

Item 2.

 

Management’s Discussion and Analysis of Financial Condition and Results of Operations

 

27

Item 3.

 

Quantitative and Qualitative Disclosures About Market Risk

 

43

Item 4.

 

Controls and Procedures

 

43

 

 

PART II – OTHER INFORMATION

 

 

Item 1.

 

Legal Proceedings

 

44

Item 1A.

 

Risk Factors

 

44

Item 6.

 

Exhibits

 

64

 

 

Signatures

 

65

 

2


 

SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS

This Quarterly Report on Form 10-Q contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which statements involve substantial risks and uncertainties. Forward-looking statements generally relate to future events or our future financial or operating performance. In some cases, you can identify forward-looking statements because they contain words such as “may,” “will,” “should,” “expects,” “plans,” “anticipates,” “could,” “intends,” “target,” “projects,” “contemplates,” “believes,” “estimates,” “predicts,” “potential” or “continue” or the negative of these words or other similar terms or expressions that concern our expectations, strategy, plans or intentions. Forward-looking statements contained in this Quarterly Report on Form 10-Q include, but are not limited to, statements about:

 

our future financial and operating results; including expectations regarding revenues, deferred revenue, billings, remaining performance obligations, gross margins and operating income;

 

our ability to maintain an adequate rate of revenue and billings growth and our expectations regarding such growth;

 

our market opportunity, business plan and ability to effectively manage our growth;

 

our ability to achieve profitability and positive cash flow;

 

our ability to achieve our long-term margin objectives;

 

our ability to grow our unrecognized revenue and remaining performance obligations;

 

our expectations regarding our revenue mix;

 

costs associated with defending intellectual property infringement and other claims and the frequency of such claims;

 

our ability to attract and retain end-customers;

 

our ability to further penetrate our existing customer base;

 

our expectations regarding our retention rate;

 

our ability to displace existing products in established markets;

 

our ability to expand our leadership position as a cloud content management platform;

 

our ability to timely and effectively scale and adapt our existing technology;

 

our ability to innovate new products and features and bring them to market in a timely manner and the expected benefits to customers and potential customers of our products;

 

our investment strategy, including our plans to further invest in our business, including investment in research and development, sales and marketing, our data center infrastructure and our professional services organization, and our ability to effectively manage such investments;

 

our ability to expand internationally;

 

expectations about competition and its effect in our market and our ability to compete;

 

the effects of seasonal trends on our operating results;

 

use of non-GAAP financial measures;

 

our belief regarding the sufficiency of our cash, cash equivalents and our credit facilities to meet our working capital and capital expenditure needs for at least the next 12 months;

 

our expectations concerning relationships with third parties;

 

our ability to attract and retain qualified employees and key personnel;

 

our ability to realize the anticipated benefits of our partnerships with third parties;

3


 

 

the effects of new laws, policies, taxes and regulations on our business;

 

management’s plans, beliefs and objectives, including the importance of our brand and culture on our business;

 

our ability to maintain, protect and enhance our brand and intellectual property; and

 

future acquisitions of or investments in complementary companies, products, services or technologies and our ability to successfully integrate such companies or assets.

These forward-looking statements are subject to a number of risks, uncertainties and assumptions, including those described in the section titled “Risk Factors” and elsewhere in this Quarterly Report on Form 10-Q. Moreover, we operate in a very competitive and rapidly changing environment, and new risks emerge from time to time. It is not possible for our management to predict all risks, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements we may make. In light of these risks, uncertainties and assumptions, the forward-looking events and circumstances discussed in this Quarterly Report on Form 10-Q may not occur and actual results could differ materially and adversely from those anticipated or implied in the forward-looking statements.

You should not rely upon forward-looking statements as predictions of future events. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee that the future results, levels of activity, performance or events and circumstances reflected in the forward-looking statements will be achieved or occur. Moreover, neither we nor any other person assumes responsibility for the accuracy and completeness of the forward-looking statements. We undertake no obligation to update publicly any forward-looking statements for any reason after the date of this Quarterly Report on Form 10-Q to conform these statements to actual results or to changes in our expectations, except as required by law.

You should read this Quarterly Report on Form 10-Q and the documents that we reference in this Quarterly Report on Form 10-Q and have filed with the SEC as exhibits to this Quarterly Report on Form 10-Q with the understanding that our actual future results, levels of activity, performance, and events and circumstances may be materially different from what we expect.

4


 

PART I — FINANCIAL INFORMATION

Item 1. Financial Statements

BOX, INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

(In thousands, except per share data)

 

 

 

October 31,

 

 

January 31,

 

 

 

 

2019

 

*

2019

 

**

 

 

(unaudited)

 

 

 

 

 

 

ASSETS

 

 

 

 

 

 

 

 

 

Current assets:

 

 

 

 

 

 

 

 

 

Cash and cash equivalents

 

$

200,890

 

 

$

217,518

 

 

Accounts receivable, net of allowance of $4,141 and $2,728

 

 

108,393

 

 

 

175,130

 

 

Prepaid expenses and other current assets

 

 

18,559

 

 

 

14,223

 

 

Deferred commissions

 

 

27,249

 

 

 

21,683

 

 

Total current assets

 

 

355,091

 

 

 

428,554

 

 

Property and equipment, net

 

 

189,865

 

 

 

137,703

 

 

Operating lease right-of-use assets, net

 

 

203,926

 

 

 

 

 

Goodwill

 

 

18,740

 

 

 

18,740

 

 

Restricted cash

 

 

 

 

 

238

 

 

Deferred commissions, non-current

 

 

56,525

 

 

 

53,880

 

 

Other long-term assets

 

 

19,771

 

 

 

11,046

 

 

Total assets

 

$

843,918

 

 

$

650,161

 

 

LIABILITIES AND STOCKHOLDERS’ EQUITY

 

 

 

 

 

 

 

 

 

Current liabilities:

 

 

 

 

 

 

 

 

 

Accounts payable

 

$

15,543

 

 

$

15,431

 

 

Accrued compensation and benefits

 

 

18,718

 

 

 

34,484

 

 

Accrued expenses and other current liabilities

 

 

31,229

 

 

 

31,378

 

 

Finance lease liabilities

 

 

49,306

 

 

 

28,317

 

 

Operating lease liabilities

 

 

40,335

 

 

 

 

 

Deferred revenue

 

 

312,375

 

 

 

353,590

 

 

Total current liabilities

 

 

467,506

 

 

 

463,200

 

 

Debt, non-current

 

 

40,000

 

 

 

40,000

 

 

Finance lease liabilities, non-current

 

 

82,637

 

 

 

44,597

 

 

Operating lease liabilities, non-current

 

 

213,369

 

 

 

 

 

Deferred revenue, non-current

 

 

13,272

 

 

 

21,451

 

 

Other long-term liabilities

 

 

6,359

 

 

 

49,508

 

 

Total liabilities

 

 

823,143

 

 

 

618,756

 

 

Commitments and contingencies (Note 6)

 

 

 

 

 

 

 

 

 

Stockholders’ equity:

 

 

 

 

 

 

 

 

 

Preferred stock, par value $0.0001 per share; 100,000 shares authorized, no shares issued

   and outstanding as of October 31 (unaudited) and January 31, 2019

 

 

 

 

 

 

 

Class A common stock, par value $0.0001 per share; 1,000,000 shares authorized; 149,478

   shares (unaudited) and 144,311 shares issued and outstanding as of October 31 and

   January 31, 2019, respectively

 

 

15

 

 

 

14

 

 

Additional paid-in capital

 

 

1,269,904

 

 

 

1,166,443

 

 

Treasury stock

 

 

(1,177

)

 

 

(1,177

)

 

Accumulated other comprehensive (loss) income

 

 

(111

)

 

 

23

 

 

Accumulated deficit

 

 

(1,247,856

)

 

 

(1,133,898

)

 

Total stockholders’ equity

 

 

20,775

 

 

 

31,405

 

 

Total liabilities and stockholders’ equity

 

$

843,918

 

 

$

650,161

 

 

 

*

As reported and disclosed under ASC Topic 842

**

As reported and disclosed under ASC Topic 840

 

See notes to condensed consolidated financial statements.

5


 

BOX, INC.

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(In thousands, except per share data)

(unaudited)

 

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

 

October 31,

 

 

October 31,

 

 

 

 

2019

 

*

2018

 

**

2019

 

*

2018

 

**

Revenue

 

$

177,156

 

 

$

155,944

 

 

$

512,679

 

 

$

444,673

 

 

Cost of revenue

 

 

56,302

 

 

 

44,724

 

 

 

158,858

 

 

 

126,397

 

 

Gross profit

 

 

120,854

 

 

 

111,220

 

 

 

353,821

 

 

 

318,276

 

 

Operating expenses:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Research and development

 

 

50,652

 

 

 

42,310

 

 

 

146,589

 

 

 

122,388

 

 

Sales and marketing

 

 

82,939

 

 

 

84,490

 

 

 

242,164

 

 

 

238,472

 

 

General and administrative

 

 

26,496

 

 

 

23,884

 

 

 

75,959

 

 

 

69,959

 

 

Total operating expenses

 

 

160,087

 

 

 

150,684

 

 

 

464,712

 

 

 

430,819

 

 

Loss from operations

 

 

(39,233

)

 

 

(39,464

)

 

 

(110,891

)

 

 

(112,543

)

 

Interest expense, net

 

 

(738

)

 

 

(47

)

 

 

(1,141

)

 

 

(208

)

 

Other loss, net

 

 

(653

)

 

 

(321

)

 

 

(840

)

 

 

(1,243

)

 

Loss before provision for income taxes

 

 

(40,624

)

 

 

(39,832

)

 

 

(112,872

)

 

 

(113,994

)

 

Provision for income taxes

 

 

272

 

 

 

364

 

 

 

1,086

 

 

 

924

 

 

Net loss

 

$

(40,896

)

 

$

(40,196

)

 

$

(113,958

)

 

$

(114,918

)

 

Net loss per share, basic and diluted

 

$

(0.28

)

 

$

(0.28

)

 

$

(0.78

)

 

$

(0.82

)

 

Weighted-average shares used to compute net loss per share, basic

   and diluted

 

 

148,555

 

 

 

142,366

 

 

 

146,997

 

 

 

140,559

 

 

 

*

As reported and disclosed under ASC Topic 842

**

As reported and disclosed under ASC Topic 840

 

See notes to condensed consolidated financial statements.

6


 

BOX, INC.

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS

(In thousands)

(unaudited)

 

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

 

October 31,

 

 

October 31,

 

 

 

 

2019

 

*

2018

 

**

2019

 

*

2018

 

**

Net loss

 

$

(40,896

)

 

$

(40,196

)

 

$

(113,958

)

 

$

(114,918

)

 

Other comprehensive loss***:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Changes in foreign currency translation adjustment

 

 

(7

)

 

 

(89

)

 

 

(83

)

 

 

(375

)

 

Net unrealized loss on cash flow hedge

 

 

(51

)

 

 

 

 

 

(51

)

 

 

 

 

Other comprehensive loss

 

 

(58

)

 

 

(89

)

 

 

(134

)

 

 

(375

)

 

Comprehensive loss

 

$

(40,954

)

 

$

(40,285

)

 

$

(114,092

)

 

$

(115,293

)

 

 

*

As reported and disclosed under ASC Topic 842

**

As reported and disclosed under ASC Topic 840

***

Tax effect was not material

See notes to condensed consolidated financial statements.

7


 

BOX, INC.

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY

(In thousands)

(unaudited)

 

 

 

 

 

 

 

Class A

Common Stock

 

 

Additional

Paid-In

 

 

Treasury

 

 

Accumulated Other

Comprehensive

 

 

Accumulated

 

 

Total

Stockholders'

 

 

 

Shares

 

 

Amount

 

 

Capital

 

 

Stock

 

 

Income (Loss)

 

 

Deficit

 

 

Equity*

 

Balance as of January 31, 2019

 

 

144,311

 

 

$

14

 

 

$

1,166,443

 

 

$

(1,177

)

 

$

23

 

 

$

(1,133,898

)

 

$

31,405

 

Issuance of common stock upon stock

   option exercises

 

 

152

 

 

 

 

 

 

1,213

 

 

 

 

 

 

 

 

 

 

 

 

1,213

 

Stock-based compensation related to

   stock awards

 

 

 

 

 

 

 

 

35,678

 

 

 

 

 

 

 

 

 

 

 

 

35,678

 

Vesting of restricted stock units, net of

   shares withheld for employee payroll

   taxes

 

 

1,205

 

 

 

1

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1

 

Employee payroll taxes withheld

   related to vesting of restricted stock

   units

 

 

 

 

 

 

 

 

(14,624

)

 

 

 

 

 

 

 

 

 

 

 

(14,624

)

Common stock issued under employee

   stock purchase plan

 

 

829

 

 

 

 

 

 

13,605

 

 

 

 

 

 

 

 

 

 

 

 

13,605

 

Other comprehensive income

 

 

 

 

 

 

 

 

 

 

 

 

 

 

88

 

 

 

 

 

 

88

 

Net loss

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(36,828

)

 

 

(36,828

)

Balance as of April 30, 2019

 

 

146,497

 

 

 

15

 

 

 

1,202,315

 

 

 

(1,177

)

 

 

111

 

 

 

(1,170,726

)

 

 

30,538

 

Issuance of common stock upon stock

   option exercises

 

 

143

 

 

 

 

 

 

1,031

 

 

 

 

 

 

 

 

 

 

 

 

1,031

 

Stock-based compensation related to

   stock awards

 

 

 

 

 

 

 

 

38,035

 

 

 

 

 

 

 

 

 

 

 

 

38,035

 

Vesting of restricted stock units, net of

   shares withheld for employee payroll

   taxes

 

 

1,082

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Employee payroll taxes withheld

   related to vesting of restricted stock

   units

 

 

 

 

 

 

 

 

(10,940

)

 

 

 

 

 

 

 

 

 

 

 

(10,940

)

Other comprehensive loss

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(164

)

 

 

 

 

 

(164

)

Net loss

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(36,234

)

 

 

(36,234

)

Balance as of July 31, 2019

 

 

147,722

 

 

 

15

 

 

 

1,230,441

 

 

 

(1,177

)

 

 

(53

)

 

 

(1,206,960

)

 

 

22,266

 

Issuance of common stock upon stock

   option exercises

 

 

122

 

 

 

 

 

 

764

 

 

 

 

 

 

 

 

 

 

 

 

764

 

Stock-based compensation related to

   stock awards

 

 

 

 

 

 

 

 

38,373

 

 

 

 

 

 

 

 

 

 

 

 

38,373

 

Vesting of restricted stock units, net of

   shares withheld for employee payroll

   taxes

 

 

989

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Employee payroll taxes withheld

   related to vesting of restricted stock

   units

 

 

 

 

 

 

 

 

(9,494

)

 

 

 

 

 

 

 

 

 

 

 

(9,494

)

Common stock issued under employee

   stock purchase plan

 

 

645

 

 

 

 

 

 

9,820

 

 

 

 

 

 

 

 

 

 

 

 

9,820

 

Other comprehensive loss

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(58

)

 

 

 

 

 

(58

)

Net loss

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(40,896

)

 

 

(40,896

)

Balance as of October 31, 2019

 

 

149,478

 

 

$

15

 

 

$

1,269,904

 

 

$

(1,177

)

 

$

(111

)

 

$

(1,247,856

)

 

$

20,775

 

 

*

As reported and disclosed under ASC Topic 842

 

See notes to condensed consolidated financial statements.

8


 

BOX, INC.

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY (CONT.)

(In thousands)

(unaudited)

 

 

 

Class A and Class B

Common Stock*

 

 

Additional

Paid-In

 

 

Treasury

 

 

Accumulated Other

Comprehensive

 

 

Accumulated

 

 

Total

Stockholders'

 

 

 

Shares

 

 

Amount

 

 

Capital

 

 

Stock

 

 

Income (Loss)